📈 Bitcoin is consolidating around $103K after a strong breakout, signaling a potential new accumulation phase. This sideways movement often precedes major bullish moves, hinting that BTC might be gearing up for another leg up.
🔍 Technicals, however, flash caution. The weekly RSI has hit overbought levels—last seen before the November breakout. While price can remain strong during a descending RSI trend, it often leads to cooldowns before any further rally.
📉 The OBV (On-Balance Volume) is again showing bearish divergence after touching resistance. This pattern has preceded previous slowdowns, so unless OBV breaks higher, BTC may stay range-bound.
🚀 Still, a new ATH seems likely, though limited. Analysts predict Bitcoin could top out between $112K–$115K in May 2025, unless bearish pressure increases.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
Top comments (0)